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<br /> substantially cyuiv�lsrtt n�nRgbec insurnn�rnvcragc is not nvailablc,Borrower shull pay io l.cndcr euch manth a tium equsl tU
<br /> 'anc-twcifth of thc yearly n�ortgu�c insurun�c�pretnfum bcing puid by Borrowcr when the insunmce covcrug�lapsed nr ccut+ed to
<br /> bc in effect. l.cr�ler will utcept,utie�nd retain thesc puymcnts us u luss rcscrvc in licu uf mortgubc insuranrc. l.��ss rescrvc
<br /> paynxnts muy nc►I�ngcr Ix;requircd, ut the uMi�n oF lxndrr, if mc►rtgugc intiurancc a�vcragr(in thc umnuut m�d For thc �rlaf
<br /> that 1.rnJcr requires)prnvidcd by nn insurer approved hy I.enticr ugnln hcconus uvuflublc n�xf is obtuincd. Uorrowcr sliull pay
<br /> the premlums�equirc�l to maintain nx�rtguse in�.urance in cffcct.or tn pr�avide u lu�r reKrve, umil ihc rryuircment f�r murtgugc
<br /> insurance eneis In ucc��rduncr with any writton agrcamont betweci�&irrower uixl l.c�Kler esr npplicuble law. �
<br /> 9. Incpestlon. L.ender or its agont muy mako rcasnnnble entrier u�n und intipectiuns ��F Utc Property. Lendcr tihull givc
<br /> 6a�rower i�atice nt tha time of or prior to un im��ctian s�Cxif'ying rcuconublc cuusc for the ins�xction. �
<br /> 10. CanclemnAtiun. The pruccxds uf uny award �ir cluim fnr d;imuges, direct or canseyuentinl, in connection with any
<br /> condemnatton or other tnking of any part uf ths Pro�uity, ur for cunveyunce in licu of condemnation, �re hercby :�ssigrred und
<br /> shall bc p;ud to[.endcr.
<br /> !n thc event of n total taking of the Propeny,tho proceed�;shull be uppliccl tu the surns secured by this Security Instrument.
<br /> whether or nat then due, with any excess puid ta Barrowor. in tlie event of n purtial t3kin� of the Property in which thc fair
<br /> market vnlua of the Propeny immcdiately bofore the takinA ih equUl to or greater th�n tbe umount of the sums securcd by this
<br /> Sec:uriry instrument immcdiately before the[aking,unisss�u+uwei aud i.end�r athcr.:i:;c agreP in�rrIting, the su:n�se^+sr�k�Y
<br /> this Security Instrumcnt shall be reduced by thQ amount of tho proceeds multiplied by thc following froction: (a)the total
<br /> amount of the sumc secured immediutely beforc thQ Wking, divid�cl by (b) the fsiir market vatue of the Property immediatety
<br /> before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Praperty in which the fair
<br /> market value of the Property immediately before tha tuking iN I�ss ihan the amount of the sums secured immediately before the
<br /> taking, w�less Borrower and Lender atherwise agree in wntinR or unless applicable law othenvise provides,the praceeds shall
<br /> be applied to the sums secue�d by thia Sace►r:,n�Instrument�vhether or not the sums are then due.
<br /> [f the Property ls abnncloned!+}• Horsawex,vr if,aRer nr�tiec by i..ender ta Bonower that the condemnor offers to makc an
<br /> award or settle a ctaim fer clamuges, Borrower faila w re�pond to Lender within 30 days after the dnte the no�ice is given.
<br /> l.ender is authorized to coilect and apply the proceeda,at itR option. either to restoration or repair of the Property or to the sums
<br /> secural by this Security Instrument, whathor or not thon dua.
<br /> Unlsss Lcnder and Borrotiver otherwise egree in tvriting, any applicatIon of proceeds to princip��l shali n�t extend ar
<br /> postpone the due date of tha monthly�paymanta refened t��in paragraphF 1 and 2 or change the amount af such paymentr.
<br /> 11.Borrower Not Releasedi Forbexrxnce By[,ender Not a Wstver.Extcnsion of the time for payment or malification
<br /> of amortiaatian�f thc sums securcd by this Security Instrument gra�ted by Lendcr to nny surccssor in interest of&�rrowcr tihall
<br /> not operate to rcleuse thc liubility nP the originstl&�rrrnvcr nr&�rrawcr'ti succesu�n in intcrc+i. l.cnJcr rshidl ia�t tx:reyuircd to
<br /> commence proceaiingr:ugninst nny successar in interest��r refuse tc�exteixi time tiir pryment ur olherwine nHxlify unx►rti�.�tlnn
<br /> af thc sums xcurcd hy thi.r ticcurity Imtrtnncnt hy 1'l`11ti1�0 uf uny dcmui�l mudc hy ihc �relginul H�►rr��wcr ��r fi��rr�iwer'y
<br /> succesx+n in intcrcst. Any fnrlxuruixe My IAixlcr io excrclsing eny �ight �►r tenx�fy shrll nnt bc u wuivcr of ar pra;lude ih�
<br />� cxcrcize of uny right or renterly,
<br /> 12. Succe!anrx Nnd A.x�lKnr+ Nnun�t Jolnt wnd tievrnl I.iablllt,v; Co-Kl�nerx� 'Phc cnvcnAntr uiKl x�{rccn�ntti nf Ihfy
<br /> Security Instrur►xnt �chalt bi��1 uncl he�kfit the +uccexW►re: uixl actiignti of I.etxter u�xl Horcuwer. tiub,�ect t�i thC pruviKiuny c�f
<br /> paragrrph 17. Bar�awer'x covenanty und ugraimnt.r nhall t►c Juint a�rJ severul. Any A�+r�ower whn co-rigns thi� Socudty
<br /> In�trumcnt but does ncit execute thc Nute: (u? fs cn-tiigning this 5ccurity Instrument only tn mortgagc, grant utxl ronvcy thut
<br /> &�.:r,we�'s�r�tarst 3n thc°rc�rty u�er tl:t tem:::sf sh4r;Secusily ln::s�mens:ib1 is n�s�s::�na!!y ublf�� i�+�.+?y t�w c��mc
<br /> sxurccl by thi�Securit�+Instrutnent;a�xl(c)ag�as thut I.ender and any other Borcower rnoy agree to extend,moclify,forbtar or
<br /> make any accommodat�on�:with regard to the terms of this Saurity Instrumcnt or thc Note without that Hnrrower's consent.
<br /> 13.Loan Cl�es.If the laan secured by this Securtty Instrument Is subject to a law whjch sets maximum loan charges.
<br /> ond thAt law is finally interpreted so that the interest or athar loan charges coltected or to be collected in com�xtion with th�
<br /> loan excad the permitted limits, then: (a)uny such loun churge shall be reduced by the amount necessary to reduce the charge
<br /> to the permitted limit:and (b)at►y sums already collected from Borrower which excaded permitted limits will be refunded to
<br /> Bonowtr. Lender,may choose to make this rcfund by reducing the principal owed under the Note or by msking a dircct
<br /> payment to Borrower. if u cefund reduces principal, the roduction wilt be treated as a partial prepayment without any
<br /> prepayment charsc under the Note.
<br /> 14.Notileea.Any notice to Bnrrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> !t by 6r�t cl�ss n�ail unless applicablc law requires ur,e of another method. The notice shall be directed ro the Fropsrry Address
<br /> or t�ny other address Borrower designates by notice to Lender. Any notice to L.ender shall be given by first cless mail ta
<br /> Lender's address stated herein or any other address I.ender designates by notice to Borrower. Any notice provided for in thia
<br /> Secairity Tnstrument shall be dcemed to huve bcen given to Borrower or Lender when given as provided in this paragraph.
<br /> .15.Governing Law; SeverAbfllty. Thls Security Instrument shall be governeci by fixieral law and the Isw of the
<br /> ' ju:asdiction in which the Property Is located. In the event that any pmvision or clause of this Security Instrument or the Notz
<br /> con:icts with appllcable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br /> given effect without the confltcting provislon.To this end the provisions of this Security Instrument and the Note are declarai
<br /> to be seversble.
<br /> 16.Borrower's Copy.Sorrower shall bc givcn one canformcd copy of the Notc and of this Securlty lnst�vment.
<br /> 17.Transfer ot the Property or a BeneQciAl Interest in Borrower.If all or any part of thc Property or any interost in it
<br /> is sald or transferred(or if a beneficiul interest in Bonower is sold or transferred and Borrower is not a naturnl person)wlthout
<br /> Lender's prior written consent, I.en�r may. at its optton, require immediate payment in full of all sums securod by this
<br /> Secudty[nstrument.However,this opt on shall not be exercised by Lender if exercise is prohtbited by federal law as of the date
<br /> of this Secur�ry Instrument.
<br /> if I.ender exercises this option. Lender shall give Sorrower notice of acceleration. The notice shall provide a period of not
<br /> less than 30 days from thc date the notice is deliverecl or mniled withtn which Horrower must pay all sums secured by this
<br /> Security Instrument.If Borrawcr fails to pny these sums prior to the expirarion of this period,Lender mAy invoke any remedles
<br /> permitted by this Security Instrument without further noticc or demund on Borrower.
<br /> 18. Borrower'e RI$ht to Retnstnte. If Borcower meets cenuin condltions, Borrower sh�ill hnve thc right to have
<br /> cnforcement of this Secunty Instrument discontinued at any timc prior to the earlier of: (a)S days (or such other period as
<br /> eppficable Iaw may specify for reinstutement) before sale of the Property pursuant to any power of salc contulnod in this
<br /> Security Instrunxnt;or{b)entry of a judgment enforcing thia Securlry Instrument. Those conditions arc that Borrower: (a)pays
<br /> Lender all sums which then would be due under this Security Instrument and the Note os if no ncceleration had occurred;(b)
<br /> cures any default of any other covenunts or agreements; (c) pays all expenses incurrcd in enforcing this Security Instrument. ,.
<br /> including, but not Iimited to, reusonable attorneys' fees; and (d)tukes such actlon as Lender may reusonably require to assure
<br /> that the lien of this Security instrument, I.ender's rights in the Property and Borrowcr's obligution tu pay the sums sccut�a!by
<br /> this Security instrument shall continue unchunge�. Upon reinstutement by Bnrrower, this Security Instrument und the
<br /> obligations secured hereby shall remain fully cffcctive us if no acceleratinn hud occurreci.Hawevcr, this right to rcinstate shall
<br /> 11ot epply In tI►e Cese ot acceieration undcr paragrapn i i.
<br /> 19. Sale ot Note; Ch�nge of Lo�n Servtcer. Thc Note or u purtinl intcrest in the Notc (togcther with this Secudty'=
<br /> Instrument)m►�y be sold one or more times without prior notice to Borrower.A sale may result in a chenge in the entity (krrown
<br /> as the"Loan Servicer")tliat collects manthly payments due under the Note and this Securiry lnstrument.There also may beone
<br /> or more changes of the Loan 5ervicer unrclatcd to u sale of thc Note.If there is a chunse of the Loan Servicer.Borrower wlll bo
<br /> given written notice of the change in accurdunce wlth paragraph 14 ubove und applicuble law.The notice will state the namo und
<br /> addrcss of the new Loan Servicet and the address to which puyments should be made. The nottce will ulso contain any oth�sr
<br /> infottnation required by applicable law.
<br /> 20. Hxzsrdous 5ubstances. Borrower shull not cause or permit the presence, use, disposal, storage, or rcle�se of uny
<br /> Hazurdous Substances on or in the Yroperty. Borrower shall not do, nor allow anyone elsc to do, anything affeccing the
<br /> Property thnt is in violation of any Environmental Law. The precaling two sentence.e shall not apply to the presence, use, or
<br /> storage on the Property of small quantities of Harardnus 5ubstances that are generally rccognized to be uppropriate to nortnal
<br /> residential uses nnd to maintcnancc of thc Property.
<br /> Pege 3 of 4 Form 3028 9/90
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